TiVo is downgraded at 2 firms, and Morgan Stanley is initiated with an 'outperform.'
Alpha Natural is downgraded to 'sell,' and Michael Kors is initiated with an 'outperform.'
Seagate is both upgraded and upgraded, and MasterCard is downgraded to 'market perform.'
Stocks are lower at midday despite the number of unemployment claims being little changed from last week.
Saks is downgraded to 'neutral,' and Netflix is initiated with a 'buy.'
Novo Nordisk is downgraded to 'underweight,' and Verizon is upgraded to 'buy.'
The rally's shunning these related companies, and that's fine -- we don't need a repeat of 2007-2008.
VIDEO ON MSN MONEY
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Lexus ranks highest on J.D. Power's dependibility study. But be forewarned: Dependability doesn't always equate to affordability.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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